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Canada vs Australia deals

UK

Just a reminder of some of the main differences on Canada vs Australia trade deals now that Boris Johnson has said an Australia-style deal is most likely.

  • Canada deal eliminates 98% of tariffs on goods.
  • Canada has "increased access" to services.
  • There is also more harmonization of regulations between Canada and the EU to make it easier to sell goods/services in both markets.
  • Australia is still negotiating a trade deal with the EU and is a likely to be a little better than WTO rules. Boris is most likely referring to the likely terms of an Australia deal rather than the current deal.
  • In essence FTA>Canada>Australia>WTO
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